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Free AccessOil prices followed stocks lower yesterday as...>
OIL: Oil prices followed stocks lower yesterday as global asset correlations
surged. Brent is trading at fresh daily lows today at $81.50 as the 21-dma gives
way opening the key $80 level. Below here would spell trouble for the bulls.
- WTI has also lost its grip on its 21-dma, with bears in control in the near
term as the $70 level comes into focus.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.